Advertise with fastmoving.co.za
 
 

Unilever sets its sights on Estée Lauder.
Unilever sets its sights on Estée Lauder.

Unilever sets its sights on Estée Lauder

INTERNATIONAL NEWS

By Yoni Van Looveren - Oct 9th, 14:39

Increasing rumours say that cosmetics company Estée Lauder may be up for sale and that there are a number of interested parties, including L’Oréal and Unilever. 

Stronger against acquisition attempts

3G and Berkshire Hathaway will also probably launch a joint bid: these two investment firms also own Kraft Heinz. JAB, which just sold shoe brand Jimmy Choo, is also a candidate.

Everyone who is considering a bid will have to take the Lauder family into consideration. It may only have a 40 % stake in the company, but it still controls 90 % of voting rights.

Unilever hopes an Estée Lauder acquisition will help it increase its size and make it a more difficult target for companies interested in Unilever, like Kraft Heinz several months ago. The company refused to comment on the rumours. Estée Lauder is currently valued at 34 billion euro.

© 2017 RetailDetail 

Read more about: unilever | loreal | estee lauder | aqcuisitions

Related News

L’Oreal releases its first fully plant-based hair dye
13/12/2017 - 14:19
L’Oreal, founded more than a century ago by a French chemist who formulated safer, more natural-looking hair dyes, is releasing its first fully plant-based colouring as consumers’ definitions of naturalness and product safety evolve.

Estée Lauder quarterly sales and profit up
01/11/2017 - 14:31
On Wednesday, Estée Lauder reported better-than-expected quarterly sales and profit, helped by demand for makeup from its brands, including Tom Ford and Smashbox and revenue from recent acquisitions aimed at attracting younger customers.

How brand giant Unilever uses consumer-generated content
27/10/2017 - 09:12
For a corporation as huge as Unilever - the firm has 400 brands and turned over €52.7 billion last year - it’s hard to imagine more customer reviews of its mayonnaise or cotton bud products making a huge difference to its bottom line.

Remgro sells minority interest in Unilever SA
22/09/2017 - 17:01
Investment conglomerate Remgro has agreed to exchange its minority shareholding in Unilever SA for Unilever’s Spreads business in Southern Africa and R4.9bn in cash.

Unilever, Nestlé snap up Pukka and Sweet Earth
08/09/2017 - 09:42
Food giants Unilever and Nestlé stepped up their push into healthier food and drink, with the Anglo-Dutch company snapping up a UK maker of organic tea and its Swiss rival announcing a deal for a US seller of vegetarian burritos.